---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013590"
form_type: "8-K"
ticker: "TR"
cik: "0000098677"
company_name: "TOOTSIE ROLL INDUSTRIES INC"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:53:31.320611+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tootsie Roll Q3 net sales down 10% to $223.9M; EPS $0.46 vs $0.48

## Summary
- Net sales $223.9M, down 10% YoY; net earnings $32.8M, down 4%; EPS $0.46 vs $0.48.
- Nine-month net sales $524.2M, down 8%; net earnings $64.3M, up 3%; EPS $0.90 vs $0.87.
- Management cites customer resistance to higher prices and timing shift between Q3 and Q4 as sales headwinds.
- Cocoa and chocolate costs rising; expects adverse effects on margins in Q4 2024 and 2025.
- Gross profit margins improved from price realization and plant efficiencies, but lower volumes pressured results.

## SEC filing metadata
- accession: 0001558370-24-013590
- form_type: 8-K
- ticker: TR
- cik: 0000098677
- company_name: TOOTSIE ROLL INDUSTRIES INC
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98677/000155837024013590/0001558370-24-013590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98677/000155837024013590/tr-20241023x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013590
- JSON: https://secwatch.observer/filing/0001558370-24-013590.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013590.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.